Aethir Rockets 85% in 30 Days as Golden Cross Signals More Gains Ahead

• Aethir (ATH) surges 85% in a month, becoming one of the market’s strongest performers.

• ATH trades above 50-day and 200-day EMA with a golden cross formation signaling strong bullishness.

Aethir (ATH) is performing outstandingly on the daily technical chart, generating massive returns to its investors. The cryptocurrency has been on a phenomenal rising trend, with CMC data indicating an 8% increase in the past 24 hours, a massive 48% increase in the past week, and a spectacular 85% increase in the past month. This bullish trend has made ATH one of the best performers in the current market cycle.

The technical indicators are very bullish in various periods. ATH is already trading above its 50-day EMA at $0.039191 and its 200-day EMA at $0.039207, which shows that it has a good underlying trend support. 

The two exponential moving averages are very close, indicating that a golden cross is about to occur, and this would be a strong bullish indicator of further positive movement. Such a technical arrangement usually generates more purchasing demand among retail and institutional traders.

What Next For Aethir (ATH) Price?

The MACD indicator shows that it has a positive momentum, with the MACD line and the signal line having a value of 0.007352 and 0.004367, respectively, which proves the strength of the existing uptrend. The histogram depicts widening green bars, which is a sign of rapidly increasing bullish momentum. 

Moreover, the RSI value of 80.17 indicates high buying power, but traders must remember that the asset is approaching the overbought region and hence may experience short-term consolidation.

The market sentiment is at its peak. With the robust price performance, the investors’ and traders’ confidence is increased about the Aethir’s future performance. Looking at the current price action, the analysis points out that ATH will continue its upward rally.

In the future, the technical analysis indicates that the next target is at $0.07000, which is about a 13% increase in value. This target coincides with some of the important Fibonacci extension levels and past resistance areas. Nevertheless, traders must still be wary of possible profit-taking around overbought RSI and observe any bearish divergences that could indicate short-term consolidation before the next leg higher.

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